Why do intelligent people continue making poor financial decisions? Why do some people build wealth while others stay stuck? And why do so many retirees feel lost after reaching their financial goals?
In this powerful conversation, financial psychologist and researcher Dr. Charles Chaffin joins Julia and Gino Barbaro to explore the hidden psychological forces that shape our relationship with money, investing, retirement, goal setting, and personal success.
Dr. Chaffin is a psychologist, financial planning expert, author, researcher, and co-founder of the Money & Risk Inventory (MRI). His work has influenced financial advisors, planners, researchers, and universities across the world.
Whether you're an investor, entrepreneur, financial advisor, retiree, or simply someone looking to improve your financial future, this conversation offers actionable wisdom you can apply immediately.
About Dr. Charles Chaffin
Dr. Charles Chaffin is a psychologist, researcher, financial planning expert, author, and educator. He is the co-founder of the Money & Risk Inventory (MRI) and the Psychology of Financial Planning programs. His research has been conducted through organizations including the CFP Board, Wharton School, Columbia University, and Iowa State University.
Connect with Dr. Charles Chaffin
Website: CharlesChaffin.com
LinkedIn: Charles ChaffinPersonal finance, Relationships, Faith, Health & Wellness - it’s all overwhelming and there’s no clear map to guide you. But what if there was?
TIMESTAMPS
00:00 Introduction & Dr. Charles Chaffin's Background
00:50 How Financial Planning Led to Psychology Research
02:13 Why Human Attention Is Our Most Valuable Resource
05:28 What Is the Money & Risk Inventory (MRI)?
08:05 The Evolution of Financial Planning & Behavioral Finance
09:25 Loneliness, Social Media & the Advisor's Role
11:04 Helping Clients Overcome Financial Overwhelm
12:00 Why Small Goals Beat Big Goals
13:00 The Hidden Challenge Widows Face With Money
14:20 Goal Progress vs Goal Completion
15:44 Retirement: Why We're Not Wired to Stop Growing
16:52 Dr. Charles' Personal Money Mistakes & Present Bias
19:08 Perfectionism, Failure & Learning Through Mistakes
21:34 Teddy Roosevelt's "Man in the Arena" Philosophy
22:20 Why People Are Afraid to Make Mistakes
23:13 The Power of Arts, Sports & Learning Through Failure
24:13 The Beauty of Being Wrong
25:54 Process Over Product: A Better Way to Learn
26:35 Identity, Money & Becoming Financially Responsible
28:03 Climbing Ladders You Never Wanted to Climb
29:38 Building a New Identity Through Small Wins
30:02 Self-Determination Theory Explained
30:40 The Three Human Needs: Competence, Autonomy & Connection
31:20 FOMO, Social Media & Financial Decision-Making
33:46 Retirement, Identity Loss & Finding Purpose
35:46 Parenting, Empty Nest Syndrome & Reinventing Yourself
36:12 Hitting the Accelerator in Life
37:50 Retirement Success Stories & Living Authentically
38:45 What's Next for Dr. Charles? Books, Research & Content
39:43 The Importance of Attention & Financial Coaching
41:46 Designing a Meaningful Retirement Life
42:35 Where to Find Dr. Charles Chaffin
42:53 Final Thoughts & Closing Remarks
Have you ever felt like life is a maze that you can’t seem to navigate? 🤷♂️ Parenting, relationships, spirituality, health - it’s all overwhelming and there’s no clear map to guide you. 🗺️ But what if there was? 🤔
Welcome to the ‘Family Coaching’ podcast, where Gino and Julia help you navigate the complexities of life with ease and grace.
🎙️ We dive deep into the subtle nuances of relationships, offer advice for the joyous challenges of parenting, explore spirituality and provide practical tips for healthcare. 💑👨👩👧👦
🙏💊 Our approach is rooted in empathy and understanding, because let's face it, life is hard!
💪 Tune into our podcast for a refreshing take on navigating life's most complex challenges. It's like having a secret weapon in your back pocket. 🎧🔑 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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